Keppel O&M to Deliver First Jackup for 2013 Ahead of Schedule

Keppel Offshore & Marine (Keppel O&M) is aiming to deliver its first jackup for 2013 - Dynamic Vision (300' ILC jackup) - to Vision Drilling by the end of January, two months ahead of schedule, a company spokesperson confirmed with Rigzone Monday.

Under the original contract inked, Keppel FELS – the shipyard allocated to build the jackup – was required to deliver the unit by March 2013. The shipyard's ability to deliver ahead of schedule garners Keppel O&M an early delivery bonus of $1 million.

Dynamic Vision will be chartered to India's Oil and Natural Gas Corporation (ONGC) for five years, the spokesperson added.

Built and optimized to meet the unique requirements of India, Dynamic Vision – a KFELS B Class jackup – is capable of operating in water depths of 350 feet and drilling down to 30,000 feet. Keppel O&M’s fully-automated high capacity rack and pinion elevating system, and self-positioning fixation system have been incorporated into the jackup’s design.

Commenting on the company's performance, Keppel O&M's Managing Director, Wong Kok Seng said in a statement released on Saturday: "We are pleased to be able to deliver our first rig of 2013 two months ahead of schedule. It augurs well for the rest of the 19 rigs that we are expected to deliver this year."

Keppel FELS is slated to deliver 20 offshore rigs this year, a record number for any shipyard worldwide



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